EFTA00197296

FRIEDMAN, BILLINGS, RAMSEY & CO., INC.

OFFICE SERVICING YOUR ACCOUNT

1001 Nineteenth Street North

Arlington, Virginia 22209-1722

Telephone (703) 312 9500

Fax (703) 312 9501

E-Mail info@fbr.com



VISIT OUR WEBSITE www.fbr.com



## What’s In This Statement

<table><tr><td>Financial Summary</td><td>1</td></tr><tr><td>Your Portfolio Holdings</td><td>2</td></tr><tr><td>Transaction Detail</td><td>2</td></tr></table>







FINANCIAL TRUST CO., INC

600 REDHOOK QUARTER STE B-3

ST THOMAS US

US VI 00802



## Cash Flow Analysis

<table border="1"><tr><td></td><th>THIS PERIOD</th></tr><tr><td>OpeningBalance</td><td>$0.00</td></tr><tr><td>Securities Sold</td><td>1,000,000.00</td></tr><tr><td>Amount Credited</td><td>$1,000,000.00</td></tr><tr><td>Securities Bought</td><td>-1,000,000.00</td></tr><tr><td>Amount Debited</td><td>$-1,000,000.00</td></tr><tr><td>ClosingBalance</td><td>$0.00</td></tr></table>

## CLEARANCE AGENT

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



FINANCIAL TRUST CO., INC



STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002

ACCOUNT NUMBER

TAXPAYER NUMBER On File

LAST STATEMENT

| SIPC | This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for your records. See reverse side for important information. |
| :--- | :--- |
| 027 | 11/30/02; 18:53 001 |

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EFTA00197297

FRIEDMAN, BILLINGS, RAMSEY & CO., INC.

CLEARANCE AGENT

OFFICE SERVICING YOUR ACCOUNT
1001 Nineteenth Street North
Arlington, Virginia 22209-1722
Telephone (703) 312 9500
Fax (703) 312 9501
E-Mail info@fbr.com



2 of 3



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

## EQUITIES

Equities & Options

## Your Portfolio Holdings

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>FRANKLIN BANK CORP</td><td rowspan="2"></td><td rowspan="2">CASH</td><td rowspan="2">100,000</td><td rowspan="2">Unpriced</td><td></td><td></td><td></td></tr><tr><td>CL A ACCREDITED INVS</td><td></td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$0</td><td>$0</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$0</td><td>$0</td><td></td></tr></tbody></table>

## INVESTMENT ACTIVITY

FINANCIAL TRUST CO., INC



Transaction Detail


STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

LAST STATEMENT

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>11/04/02</td><td>10/29/02</td><td>BOUGHT</td><td>FRANKLIN BANK CORP<br>CL A ACCREDITED INVS<br>PROSPECTUS UNDER SEPARATE MAIL<br>AS OF 10/29/02</td><td></td><td>100,000</td><td>10.00000</td><td>1,000,000.00</td><td></td></tr><tr><td>11/05/02</td><td>10/29/02</td><td>CANCEL BUY</td><td>FRANKLIN BANK CORP<br>CL A ACCREDITED INVS<br>PROSPECTUS UNDER SEPARATE MAIL<br>A/O S/D 11/04/02<br>AS OF 10/29/02<br>TO CXL PREVIOUS BUY</td><td></td><td>-100,000</td><td>10.00000</td><td></td><td>1,000,000.00</td></tr><tr><td>11/13/02</td><td></td><td>JOURNAL</td><td>FRANKLIN BANK CORP<br>CL A ACCREDITED INVS<br>FROM: -USD<br>* JRL *</td><td></td><td>100,000</td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-1,000,000.00</td><td colspan="2">$1,000,000.00</td></tr></tbody></table>

027



11/30/02;18:53 001


EFTA00197298

CLEARANCE AGENT

Bear, Steams Securities Corp.
One Metrotech Center North
Brooklyn, New York 11201-3859

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FINANCIAL TRUST CO., INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00197299